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Selling Its NAND Business Won't Solve Intel's Problems

TheMotleyFool

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Selling Its NAND Business Won't Solve Intel's ProblemsPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Intel (NASDAQ: INTC) recently agreed to sell its NAND (flash memory) business to South Korean chipmaker SK Hynix for $9 billion. The sale will include Intel's NAND component and wafer business, its NAND SSD (solid state drive) business, and its NAND chipmaking plant in Dalian, China.

Intel and SK Hynix expect the deal to close in late 2021. SK Hynix will initially pay $7 billion in 2021 for most of Intel's assets in 2021, then acquire the remaining assets for $2 billion in 2025.

Image source: Getty Images.

Source Fool.com

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